Dear Ponchi,
Thank-you for posting your question here.
As you probably know I must keep my responses within the context of what we have publicly disclosed as this forum is not considered a public disclosure…so no new news allowed.
With that in mind I point out to our Press Release in February of this year where the following question was answered:
Q. Let’s get back to strategic partnerships. You have alluded to this before. What are we talking about? How close are you to a conclusion?
A. For obvious reasons, I cannot disclose to whom we are speaking or the specifics of the discussions, however, I can confirm that we are speaking to more than one player and that a successfully concluded agreement with any of them will be significant not just for PyroGenesis and our shareholders, but arguably for the marketplace as a whole. Pyogenesis has had quite a bit of success with strategic partnerships; one just need only to look at our relationship with the US military for proof. Management is of the view that a well-structured partnership can not only accelerate PyroGenesis’ growth but also open the doors to new revenue streams which otherwise would be long in coming.
As I said, we are involved in more than one discussion, with the longest one taking place for several months, and the most recent one over the past several weeks. I must caution readers that although everything looks very positive, these discussions could all go nowhere very quickly, although I highly doubt it given the level and type of discussions and the caliber of players.
Hope that helped.
Sincerely,
Peter